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Bank of England: Brexit could 'materially' lower UK growth

The Bank of England has warned that Britain leaving the EU could "materially" lower UK growth and lead to sharp falls in the value of the pound.

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Bank of England chief warns Brexit could spark recession

The head of the Bank of England today made an unprecedented intervention in the EU debate - warning that Britain risks going into recession if it votes to leave Europe.

Mark Carney said Brexit could cause inflation and unemployment to rise, and the pound to fall sharply.

David Cameron said it was a "very clear message" about the dangers of Britain going it alone, but furious Leave campaigners said the governor was not being prudent, and could cause a crisis.

ITV News deputy political editor Chris Ship reports:

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